AMC Networks U.S. Ad Sales Decline 10% in Q4, Streaming Subscribers Remain Flat

AMC Networks recently shared its financial report for the fourth quarter of 2025, revealing a 10% decrease in U.S. ad sales compared to the previous year. Despite this decline, the number of subscribers across the network’s streaming platforms remained steady at just over 10.4 million.

In terms of streaming, AMC Networks offers a variety of platforms, including AMC+, Acorn TV, Shudder, Sundance Now, ALLBLK, HIDIVE, and the newly launched All Reality. Their linear networks consist of AMC, BBC AMERICA (including U.S. distribution and sales for BBC News), IFC, SundanceTV, and We TV. The company also owns film distribution labels Independent Film Company and RLJE Films, which they acquired outright in the fourth quarter, as well as their in-house studio, AMC Studios.

Within the U.S. business, subscription revenue for the October-December quarter was $315 million. Streaming revenue saw a significant 14% increase, totaling $177 million, while domestic ad sales came in at $125 million. Revenue from content licensing and other categories also experienced growth, rising by 12% to $75 million.

Interestingly, this quarter marked the first time in AMC Networks’ history that streaming revenue surpassed all other sources of income for the company. Internationally, subscription revenues reached $49 million, with ad sales totaling $30 million, reflecting a nearly 13% decrease year-over-year.

It’s clear that AMC Networks remains a key player in the streaming entertainment landscape, continuing to provide a diverse range of content across its various platforms to a dedicated audience.